A licensing agreement is a legal document between two parties – the licensee or the person who owns the intellectual property (IP) and the licensee or person who obtains a license for the use of the IP address. The licensee may hold a copyright, trademark, patent, service mark, trade secret, know-how or other IP. If you have a patent on a useful technology, you have a copyright in a popular photo, you have protected a special image, or you own another invention or creative work with which you want to make money, you need a licensing agreement. This agreement allows you to set the terms of everything related to this specific IP address and protect your property rights, including how the licensee can use the IP, which owns the IP, which can sublicens IP, the license price for the IP and the length of time the licensee can use the IP. This type of agreement allows Harvard researchers who are creating a new licensed business without difficulty to copyrighted non-patentable software that they have developed as part of the faculty`s research efforts. In cases where there are patentable topics such as unique algorithms, please read the «Exclusive Basic License» agreement model published above. A non-compete clause. The licensee agrees not to allow anyone to compete with the licence in the area and period defined in the agreement. The granting of subsidiary licences. The licensee may be granted the right to authorize someone to manufacture or sell their products. This depends on the specific terms of the license agreement.
In May 2018, Nestlé and Starbucks entered into a $7.15 billion coffee licensing agreement. Nestlé (the licensee) has agreed to pay $7.15 billion in cash to Starbucks (the licensee) for exclusive rights to sell Starbucks products (single serving coffee, teas, beans, etc.) through Nestlé`s worldwide distribution network. In addition, Starbucks receives royalties from coffees and packaged teas sold by Nestlé. Harvard offers certain materials (usually organic research materials) for commercial use on a non-exclusive basis. Some materials, such as Z.B. Souris, are generally offered on a flat-rate basis or with fixed annual payments; others, such as hybrid cell lines, also include licensed payments. Typical agreements for both types of hardware licenses are listed below. Licensing your company`s assets certainly has advantages, but be sure to consider these factors when creating a licensing agreement: Harvard also offers option agreements for companies considering licensing Harvard technology.